The objective of the Hybrid Solar Thermal Power Plant Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Greenhouse gas (GHG) emissions.
... See More + The restructuring seeks to amend the grant agreement, to reflect the reduction in the size of the solar plant and adjust the target values of the outcome and results indicators accordingly. Since the preparation of the project in 2005, the power industry was significantly impacted by an increase in the costs of equipment. The lack of response to the first two biddings launched by the Federal Electricity Commission (CFE) in 2006 and 2007, respectively, led the utility to reduce the requested capacity of the solar field, from 31 MW to the 12-15 MW range, to ensure that the Global Environment Facility (GEF) resources could still be used to finance this component. The amendment will reduce the size of the solar power field from 30MW to 12-15MW. The change in the capacities of the solar field and combined cycle components will affect proportionally the projects outcome and results indicators target values. Even with the reduction in the size of the plant, the project remains economically viable as demonstrated by its inclusion in Mexicos least cost expansion plan. The project will not achieve these revised targets, however, without an extension of its closing date, which the Bank will consider based on the progress in the bidding process for the turbines.
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The objective of the Hybrid Solar Thermal Power Plant Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Greenhouse gas (GHG) emissions.
... See More + The restructuring seeks to amend the grant agreement, to reflect the reduction in the size of the solar plant and adjust the target values of the outcome and results indicators accordingly. Since the preparation of the project in 2005, the power industry was significantly impacted by an increase in the costs of equipment. The lack of response to the first two biddings launched by the Federal Electricity Commission (CFE) in 2006 and 2007, respectively, led the utility to reduce the requested capacity of the solar field, from 31 MW to the 12-15 MW range, to ensure that the Global Environment Facility (GEF) resources could still be used to finance this component. The amendment will reduce the size of the solar power field from 30MW to 12-15MW. The change in the capacities of the solar field and combined cycle components will affect proportionally the projects outcome and results indicators target values. Even with the reduction in the size of the plant, the project remains economically viable as demonstrated by its inclusion in Mexicos least cost expansion plan. The project will not achieve these revised targets, however, without an extension of its closing date, which the Bank will consider based on the progress in the bidding process for the turbines.
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The objective of the Hybrid Solar Thermal Power Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Green House Gas (GHG) emissions.
... See More + The extension is necessary to allow time to permit disbursements to the winning contractor for the construction of the solar power field. It is longer than the extension requested by the Government, in order to provide flexibility in the construction of the innovative ISCCS. The extension is justified based on the following rationale: (1) CFE (Comision Federal de Electricidad) indicated that it was highly committed to carrying out the project through completion. Implementation of the thermal components of the project is ongoing and construction of the solar power field is expected to start during the summer of 2011; (2) the project will represent Mexicos and Latin Americas first application of the ISCCS concept. Therefore, successful implementation will put the country at the vanguard of developing this new renewable energy technology and could potentially have far-reaching implications for mitigating greenhouse gases globally; and (3) the project is of strategic importance to Mexico and an integral part of the countrys climate change agenda. It will contribute to the diversification of the energy matrix and will help increase in the share of renewable power generation. If granted, this will be the fourth extension of the closing date of the grant; the first was a six-month extension from October 30, 2009 to April 30, 2010, the second was a one-year extension to April 30, 2011 and the third a three-month extension to July 31, 2011.
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The objective of the Hybrid Solar Thermal Power Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Green House Gas (GHG) emissions.
... See More + The extension is necessary to allow time to permit disbursements to the winning contractor for the construction of the solar power field. It is longer than the extension requested by the Government, in order to provide flexibility in the construction of the innovative ISCCS. The extension is justified based on the following rationale: (1) CFE (Comision Federal de Electricidad) indicated that it was highly committed to carrying out the project through completion. Implementation of the thermal components of the project is ongoing and construction of the solar power field is expected to start during the summer of 2011; (2) the project will represent Mexicos and Latin Americas first application of the ISCCS concept. Therefore, successful implementation will put the country at the vanguard of developing this new renewable energy technology and could potentially have far-reaching implications for mitigating greenhouse gases globally; and (3) the project is of strategic importance to Mexico and an integral part of the countrys climate change agenda. It will contribute to the diversification of the energy matrix and will help increase in the share of renewable power generation. If granted, this will be the fourth extension of the closing date of the grant; the first was a six-month extension from October 30, 2009 to April 30, 2010, the second was a one-year extension to April 30, 2011 and the third a three-month extension to July 31, 2011.
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The objective of the Hybrid Solar Thermal Power Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Green House Gas (GHG) emissions.
... See More + The ISCCS technology is comprised of both the installation of a combined cycle thermal plant and a solar field. The US$49.3 million GEF grant will finance the costs associated with the installation of the solar field, while the Comision Federal de Electricidad (CFE), the national power utility, will finance the combined cycle thermal plant and the other parts of the system. The project is being implemented by CFE in the Municipality of Agua Prieta, in the State of Sonora, Mexico.
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The objective of the Hybrid Solar Thermal Power Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Green House Gas (GHG) emissions.
... See More + The ISCCS technology is comprised of both the installation of a combined cycle thermal plant and a solar field. The US$49.3 million GEF grant will finance the costs associated with the installation of the solar field, while the Comision Federal de Electricidad (CFE), the national power utility, will finance the combined cycle thermal plant and the other parts of the system. The project is being implemented by CFE in the Municipality of Agua Prieta, in the State of Sonora, Mexico.
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The objective of the Hybrid Solar Thermal Power Plant Project is to demonstrate and encourage the replication of Integrated Solar Combined Cycle System (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction in global Green House Gases (GHG) emissions.
... See More + The ISCCS technology is comprised of both the installation of a combined cycle thermal plant and of a solar field. The US$49.3 million Global Environment Facility (GEF) grant will finance the costs associated with the installation of the solar field, while the Comision Federal de Electricidad - CFE, the national power utility will finance the combined cycle thermal plant and the other parts of the system. The project is being implemented by CFE in the municipality of Agua Prieta, in the state of Sonora, Mexico. However, the first two bidding processes launched by CFE on September 2006 and February 2008, respectively, experienced difficulties. Even though the capital investment ceiling by CFE and authorized by the secretary of finance was increased by 25 percent for the second bidding, the amount proved to be too low in both cases. The cost of adding a solar field of approximately 31 MW to an existing 485 MW combined cycle thermal plant, which was originally estimated to be US$52.3 million (equivalent to 1,687 US$/kW), also proved to be too low. The results of the bids for the technically comparable ISCCS projects in Morocco and Egypt (both 3,700 US$/kW) confirmed that the cost of the solar field in Mexico will also be substantially higher than estimated at appraisal. As a result, on June 5, 2008, the GEF approved a reduction in the generation capacity of the solar field to the 12-15MW range, to reduce its expected cost to the level of the available GEF financing. Based on the updated calendar for the implementation of the project, on February 16, 2010, the Government submitted a request for an extension of the project closing date through July 1, 2013.
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The objective of the Hybrid Solar Thermal Power Plant Project is to demonstrate and encourage the replication of Integrated Solar Combined Cycle System (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction in global Green House Gases (GHG) emissions.
... See More + The ISCCS technology is comprised of both the installation of a combined cycle thermal plant and of a solar field. The US$49.3 million Global Environment Facility (GEF) grant will finance the costs associated with the installation of the solar field, while the Comision Federal de Electricidad - CFE, the national power utility will finance the combined cycle thermal plant and the other parts of the system. The project is being implemented by CFE in the municipality of Agua Prieta, in the state of Sonora, Mexico. However, the first two bidding processes launched by CFE on September 2006 and February 2008, respectively, experienced difficulties. Even though the capital investment ceiling by CFE and authorized by the secretary of finance was increased by 25 percent for the second bidding, the amount proved to be too low in both cases. The cost of adding a solar field of approximately 31 MW to an existing 485 MW combined cycle thermal plant, which was originally estimated to be US$52.3 million (equivalent to 1,687 US$/kW), also proved to be too low. The results of the bids for the technically comparable ISCCS projects in Morocco and Egypt (both 3,700 US$/kW) confirmed that the cost of the solar field in Mexico will also be substantially higher than estimated at appraisal. As a result, on June 5, 2008, the GEF approved a reduction in the generation capacity of the solar field to the 12-15MW range, to reduce its expected cost to the level of the available GEF financing. Based on the updated calendar for the implementation of the project, on February 16, 2010, the Government submitted a request for an extension of the project closing date through July 1, 2013.
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